Word: forgoing
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...United Auto Workers: $203 million, representing money that the UAW has agreed to forgo in its new three-year contract. Included is a delay in phasing in certain wage and benefit increases that G.M. and Ford workers are already receiving...
...benefits beyond a certain level of required medical, pension and life insurance coverage. For instance, a middle-aged bachelor might choose higher contributions to his pension plan in return for reduced medical benefits, which he does not need since he has no family. At American Can, employees can forgo, say, annual medical checkups in return for an extra week of paid vacation. Says Senior Vice President Sal Giudice: "A lot of young people opt for that. They want to take that winter ski trip...
These attributes of American negotiators had complicated our efforts in 1969. Within the Administration we had to fight a seemingly endless battle against those who wanted to fuel the momentum of negotiations with unreciprocated gestures of good will. Not a few argued, for example, that we should forgo our programs on antiballistic missiles (ABM) and multiple independently targetable re-entry vehicles (MIRV) lest we doom the prospects of strategic arms limitation - though, in fact, ABM and MIRV turned out to be among our few playable cards. Similarly, we were warned that an opening to China would cause relations with...
...cloud in that silver shadow is that the saver must forgo all interest. Moreover, the Rolls would be considered income and would be taxed as such in the year it was received. If the depositor took his interest instead, it would be taxed as he received it over an eight-year period...
...current slowdown continues, the danger will be that consumers will not just cut discretionary spending but also begin to forgo other purchases that would have a broad effect on the economy. Even now, studies show that consumer "confidence" is near its lowest level in 30 years. Because spending by individuals on all sorts of goods and services accounts for fully two-thirds of the nation's gross national product-far more than spending by Government and business combined-a sharp retrenchment in purchases of autos, houses and other big-ticket items would surely deepen the shallow recession that many...